BANK | GROUP | |||
For the year ended 31 December | 2018 LKR 000 |
2017 LKR 000 |
2018 LKR 000 |
2017 LKR 000 |
Profit for the year | 2,768,179 | 4,414,964 | 3,070,227 | 4,433,757 |
Other comprehensive income/(expenses) for the year, net of tax |
||||
Items that will be reclassified to income statement | ||||
Net change in fair value through other comprehensive income/available-for-sale financial assets |
(1,371,412) | 206,651 | (1,371,412) | 206,651 |
Net amount transferred to income statement on disposal of fair value through other comprehensive income/available-for-sale financial assets |
(1,649) | (1,188,907) | (1,649) | (987,323) |
Share of other comprehensive income/(expenses) of equity accounted associate and joint venture |
– | – | 39,721 | (22,308) |
Net gain/loss on cash flow hedges | ||||
Effective portion of changes in fair value | 892,967 | – | 892,967 | – |
Reclassified to profit or loss | (809,400) | – | (809,400) | – |
Deferred tax effect relating to fair value through other comprehensive income/available-for-sale financial assets |
361,154 | (268,545) | 361,154 | (268,545) |
Total other comprehensive expenses that will be reclassified subsequently to income statement |
(928,340) | (1,250,801) | (888,619) | (1,071,525) |
Items that will not be reclassified to income statement | ||||
(Losses)/gains on remeasurement of defined benefit plans | (11,881) | 32,399 | (11,765) | 36,411 |
Net loss on equity instruments measured at fair value through other comprehensive income |
(1,951,466) | – | (1,951,466) | – |
Share of other comprehensive income of equity accounted associate and joint venture |
– | – | 1,189 | 651 |
Deferred tax effect relating to items that will not be reclassified to income statement |
9,215 | 2,600 | 9,141 | 2,028 |
Total other comprehensive (expenses)/income on items that will not be reclassified to income statement |
(1,954,132) | 34,999 | (1,952,901) | 39,090 |
Other comprehensive expenses for the year, net of tax | (2,882,472) | (1,215,802) | (2,841,520) | (1,032,435) |
Total comprehensive (expenses)/income for the year | (114,293) | 3,199,162 | 228,707 | 3,401,322 |
Total comprehensive (expenses)/income attributable to: | ||||
Equity holders of the Bank | (114,293) | 3,199,162 | 169,355 | 3,329,750 |
Non-controlling interests | – | – | 59,352 | 71,572 |
Total comprehensive (expenses)/income for the year | (114,293) | 3,199,162 | 228,707 | 3,401,322 |
The notes to the financial statements form part of these financial statements.